Mobile Application Security Testing Market Growth 2023, Revenue, Rising Trends Industry Share, Size, Scope, Challenges, Future Opportunities and Forecast Till 2033: SPER Market Research
Mobile application security testing (MAST) is the process of evaluating and guaranteeing the security of mobile applications. Via testing procedures, vulnerabilities, data breaches, and security issues in mobile apps are assessed. MAST strives to detect and address possible security threats, secure critical information, and prevent unwanted access. This market provides solutions to developers, businesses, and organisations to improve the overall security posture of their mobile applications, addressing the growing concern over mobile app security.
According to SPER market research, ‘Mobile Application Security Testing Market Size- By Offering, By Organization Size, By OS Type, By Deployment, By Vertical – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Global Mobile Application Security Testing Market is predicted to reach USD 11.43 Billion by 2033 with a CAGR of 29%.
Market dynamics for Mobile Application Security Testing (MAST):
Market Drivers:
- An increase in the use of mobile apps
- Regulation compliance requiring applications to be secure
- Quick development life cycles
Challenges faced by the market:
- Resource-intensiveness
- Insufficiently skilled experts
- Integration difficulties
Opportunities:
- A rise in acceptance and awareness
- Changing landscape of threats
- Growth of the mobile ecosystem
Mobile Application Security Testing (MAST) solutions are in high demand due to the growing sophistication of cyber threats. Malicious actors can now use more complex strategies because to advances in technology, which highlights the importance of routine security testing. Through the detection and remediation of vulnerabilities prior to exploitation, proactive testing assists organisations in staying ahead of ever-changing threats. Businesses prioritise MAST in order to adapt and fortify defences against the increasing prevalence of sophisticated threats such as phishing and malware. Solutions are at the forefront of the MAST industry due to the widespread usage of mobile devices and the growing complexity of cyber threats. Static and dynamic analysis, penetration testing, and other forms of security testing guarantee a thorough assessment, which is essential for companies wanting to make sure their apps are reliable before releasing them onto the market.
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COVID Impact: Significant effects of the COVID-19 epidemic were seen in the global market for mobile application security testing. The need for strong security solutions expanded as the number of remote work projects increased and as mobile applications became more common. Security of mobile apps was given top priority by organisations in order to fend against cyberattacks. Demand for safe mobile apps drove consistent market growth in spite of economic headwinds. As a result of the epidemic, organisations decided to invest in testing solutions to safeguard confidential information, uphold user confidence, and guarantee continuous digital operations.
Over the course of the forecast period, the Mobile Application Security Testing (MAST) market is anticipated to grow significantly in the Asia Pacific region. The increase in the use of smartphones and mobile apps has made people more conscious of security issues. Organisations in the area are being pushed to invest proactively in strong MAST solutions in order to protect user data and maintain the integrity of their mobile ecosystems. This is in addition to an increase in cyber threats.
Additionally, some of the market key players are Cisco Systems Inc., Data Theorem, Inc., GitLab Inc., Google LLC, IBM Corporation, Open Text Corporation, Oracle Corporation, Others.
Mobile Application Security Testing Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
Offering: Based on the Offering, Global Mobile Application Security Testing Market is segmented as; Services (Professional, Managed), Solution.
By Organization Size: Based on the Organization Size, Global Mobile Application Security Testing Market is segmented as; Large Enterprises, Small & Medium Enterprises.
By OS Type: Based on the OS Type, Global Mobile Application Security Testing Market is segmented as; Android, iOS, Other OS.
By Deployment: Based on the Deployment, Global Mobile Application Security Testing Market is segmented as; Cloud, On-premise.
By Vertical: Based on the Vertical, Global Mobile Application Security Testing Market is segmented as; BFSI, Government & Defense, Healthcare & Life Science, IT & Telecom, Manufacturing, Retail & E-commerce, Others.
By Region: This research also includes data for Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
For More Information, refer to below link:-
Mobile Application Security Testing Market Outlook
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